There are many localities in Mumbai which have changed by leaps and bounds over time. The starkest differences can be found in Powai and Thane. Both these areas have become one of the most prime localities in Mumbai. In the same way, Panvel is now emerging as a locality which is seeing growth on the same level as Thane and Powai. This has made a lot of home buyers to turn to Panvel for buying a house. Residential projects in Panvel have caught the attention of the buyers and rightly so.
Here are a few factors which show us how the development in Panvel is similar to the growth years of Thane and Powai.
1. Connectivity in Panvel
Powai and Thane are well connected by road and rail transport. Powai is connected to major parts of Mumbai through JVLR. Similarly, Panvel already has great connectivity to the parts of the city and also places outside Mumbai. Panvel is connected by rail through Panvel station and it also is a getaway to the Konkan region of Maharashtra. It is also connected via the Sion-Panvel Highway, Thane-Pune Highway, and the Pune Expressway Highway. Therefore, if you are planning to buy a flat in panvel then you can completely sort out your commute, as you will be connected to the other parts of Mumbai easily.
2. Employment Aspects
Powai and Thane both have a lot of corporate office of major businesses in their vicinity. In Powai, there is Deloitte, Crisil, etc. Thane has offices of Voltas, Indiabulls, etc. Similarly, Panvel is seeing many businesses now opening offices there too. Tata Communications and JSW steel are some corporates there. As the employment aspects are increasing so is the demand for housing. There are many ready possession flats available in Panvel. Indiabulls Greens has ready to move in flats for home buyers.
3. Social Life
Powai and Thane both have a lively social life. With many cafes and hangouts, people who want to have a pleasant time frequent both these places. Panvel is also on the path of becoming a locality with a good social life with many upcoming restaurants, cafes, etc.
Infrastructure is something which has changed the face of Powai and Thane. Metro lines 4,5 and 11 are expected to connect Thane to major parts of the city. Likewise, upcoming infrastructural developments in Panvel such as the Navi Mumbai International airport, the metro corridor between Vashi and Panvel, the Nava Shewa Sewri Sea link, etc are bound to make Navi Mumbai a hub for real estate investments. This is definitely increasing the demand for property in Panvel.
5. Type of Projects
When it comes to residential projects in Panvel, it is a good mix of luxurious and affordable. Indiabulls Daffodils is one of a kind and state of the art residential project in Panvel. Powai and Thane also have many real estate developers building luxury projects. Luxury flats in Panvel are not a dream anymore. They are a reality.
Owing to the above reasons, Thane and Powai have a high return on investment. Panvel is also on that road given that it has good connectivity, has a natural backdrop and many infrastructural developments already in the works.
Panvel is definitely on the same road to development as Powai and Thane. Home buyers can expect some really good home buying options here.